News by Tag: International Accounting


China Strengthens Data Privacy Laws
February 18, 2013
The Chinese government has recently passed a resolution intensifying data privacy laws in the country. These regulations contain significant and comprehensive requirements relevant to the collection and processing of electronic personal information.
Mexico: Companies Handling Personal Data - Comply with Set Rules & Avoid Penal
February 11, 2013
In a recent case, the Federal Institute for Access to Information and Data Protection (IFAI) of Mexico has imposed a penalty on Pharma Plus, S.A. de C.V. (engaged in drugstore operation trade) for breaching the personal data protection law
Budgetary Updates 2013: Canada, Cuba, Belgium
January 28, 2013
Know more about Belgium Provisions in Budget 2013, Canada 2012 Federal Budget Measures Adopted, Cuba Overhauls the Tax System with Nair & Co., your ideal partner during international business expansion.
Luxembourg Implements New Tax Provisions
January 28, 2013
Luxembourg has implemented various measures with the aim of increasing revenue through taxation.Most of the provisions come into effect from January 1, 2013.
Brazil Amends Transfer Pricing System
January 24, 2013
The Brazilian government has amended its Transfer Pricing Regulations (TPR), which may affect companies doing business in the country. New Normative Instruction (NI) 1,312 regulating new transfer pricing provisions were issued.
Italy Presents New Measures for Financial Stability
December 12, 2012
Italy has recently announced measures to ensure the financial stability of the economy.
United Kingdom Proposes to Introduce New Owner-employee Contract
December 12, 2012
With the intention of implementing new rules in April 2013, the UK government has announced a proposal to introduce a new kind of employment contract called the "owner-employee contract".
South Korea to Hike Tax Rate for Foreigner Workers
November 29, 2012
The Korean government has declared a plan to hike the flat rate of tax for foreigners by two percent which may affect expatriate workers and companies in South Korea.
German Immigration Policy Update: Opens Labor Market for Highly-skilled Professionals
November 29, 2012
Germany has recently implemented the EU Directive granting migrants from non-EU states access to highly skilled occupations and the possibility for them to reside in the country.
Saudi Arabia Makes Arabic Language Mandatory for Businesses
November 28, 2012
Saudi Arabia has made Arabic as the mandatory business language in all commercial and business dealings. Companies doing business in Saudi Arabia are required to abide by the new ruling requiring business and commercial documents like utility bills,
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